40, ORCHID DRIVE, FARNDON, NEWARK, NG24 3TX - £250,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

40 ORCHID DRIVE is a midsized detached house of 105m², built sometime between 1991 and 1995. It was last sold for £250,000 in February 2020, which was around 6% below the average February 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was B.

40 ORCHID DRIVE Sold Prices

Land registry data shows two sales for 40 ORCHID DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two 40 ORCHID DRIVE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 7 FEB	£250,000	£265,913	6% below HPI
2017 22 SEP	£225,000	£259,345	13% below HPI

40 ORCHID DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The two 40 ORCHID DRIVE sales from September 2017 and February 2020 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the September 2017 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the February 2020 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 40 ORCHID DRIVE?

40 ORCHID DRIVE is 105m² according to the EPC inspection conducted in August 2017. This puts it in the largest 50% of detached houses in Farndon, based on EPC data. The below chart shows the distribution of detached houses by size in Farndon, and where 40 ORCHID DRIVE lies on this distribution: 53% of detached houses are smaller than 40 ORCHID DRIVE, and 46% of houses are larger. Note that EPC data is not available for all properties in Farndon.

40 ORCHID DRIVE: Plot and Title Map

40 ORCHID DRIVE sits on a plot of roughly 0.115 of an acre, or 464m². The below map shows the location of 40 ORCHID DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 40 ORCHID DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 40 ORCHID DRIVE?

40 ORCHID DRIVE is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 40 on ORCHID DRIVE.